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Started By
Message
re: What is driving coin shortage?
Posted on 7/4/20 at 11:00 pm to OldHickory
Posted on 7/4/20 at 11:00 pm to OldHickory
quote:
Mints slowed down or stopped production because of Covid. Back up and running now.
quote:
Retail deposits slowed almost stopped for months. Retail opened back up and requested coin but hadn’t deposited what they had. Mint couldn’t keep up.
And then people started hording coins because of the above mentioned shortage.
2
Posted on 7/4/20 at 11:25 pm to Asharad
quote:
And then people started hording coins because of the above mentioned shortage.
My barn is full of toilet paper, rolled nickels, and 9 mm ammo.
Posted on 7/5/20 at 7:52 am to Asharad
quote:
And then people started hording coins because of the above mentioned shortage.
Yes retail hoarding is real. When the news hit that sector started ordering like Karen’s buying toilet paper. They are still doing it.
Two other factors.
Stores don’t want employees touching coins because somehow they think that all coin they get is somehow “new” so they didn’t deposit and ordered
Casinos around the country are opening back up and ordering huge amounts of coin placing more demand on the cycle.
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